Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in developing new drug candidates, particularly in oncology and central nervous system therapies. Also employed in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity in cross-coupling reactions. Commonly utilized in Suzuki and Buchwald-Hartwig reactions to build complex heterocyclic systems.